The Toronto Regional Real Estate Board (TRREB) reported that 6,770 homes were sold through its MLS system in June, a 9.4% increase compared to June 2025. The market tightened as new listings fell 12.9% year-over-year to 17,282.
Benchmark Price Continues to Decline
The benchmark home price across the Greater Toronto Area (GTA) was $940,800, down 5.39% from June 2025. Price declines were widespread, with Toronto’s composite benchmark at $934,000 (down 4.3%) and York Region falling 7.3% to $1,101,200.
Condo Market Underperforms
Condominium prices dropped 8.2% year-over-year region-wide, with some municipalities like Richmond Hill and Markham seeing declines of more than 10%. TRREB’s chief information officer Jason Mercer noted that the pace of annual price declines has eased in recent months.
Market Outlook
“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year,” said TRREB president Daniel Steinfeld. “We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth.”
Mercer added: “If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases.”
